San Diego County CA— The California Credit Union League has released local data reflecting the economic role that 365 California-based credit unions play within their individual communities. All information herein is a snapshot of publicly-filed balance sheet data as of March 31, 2015. Trend data is year-over-year.
San Diego County
22 credit unions are headquartered in the county. They serve 914,314 members—a 4.6 percent year-over-year increase (or 39,883 new members).
From April 1, 2014 – March 31, 2015, these 22 credit unions collectively:
- Had approximately $9.65 billion loaned-out within the local community—a 20 percent year-over-year increase (first mortgages, HELOCs, business loans, auto loans, and credit cards).
- 12.6 percent increase in first mortgages/HELOCs
- 10.1 percent increase in business loans
- 88.7 percent increase in new auto loans
- 33.6 percent increase in used auto loans
- 5.7 percent increase in credit card lending
- (Loan percentage increases are year-over-year and reflect dollar amounts. Dollar amounts are available upon request.)
- Held $13.4 billion in deposits for local consumers (checking accounts, savings accounts, CDs, IRAs, Keogh retirement accounts, and local government checking/savings accounts when applicable). This is a 5 percent year-over-year increase.
- Spent $1.04 billion* on employees and operations (employee payroll, benefits, property, office equipment, occupancy, and vendor contracts). *An estimated number based on quarterly data
- Employed 2,713 individuals (a 7 percent year-over-year increase).
Here’s the breakdown:
About the California Credit Union League
The California Credit Union League is based in Ontario, CA and is the state trade association for 365 credit unions headquartered in California. The League represents the interests of nearly 10 million credit union members across the state who are member-owners of their credit unions. Credit unions help consumers afford life and prosper.